The Club Charter Package specifically addresses your concerns about providing a defense, as do the Competition Regulations for a CD. It's a pain, but you really should read them... slowly and deliberately.

I am not trying to duck your question, but there are also some restrictions that apply that you need to be aware of and reading the info is the only way to get the picture.

Also, in looking at your scenario, you neglected the landlord. He is "Mr. deep pockets" since his coverage does not have the exclusions the other entities do under the AMA policy.

As an individual, homeowner's insurance, which does provide a defense, comes before the AMA policy. If you were to obtain a policy to cover the club officers, it would also make the AMA policy excess.

Oh... and I think Abel is right, the AMA policy should at the very least be published on the AMA site, maybe in the Member's Only section.